Solidarity Wealth LLC Has $17.15 Million Stock Position in Natural Resource Partners LP (NYSE:NRP)

Key Points

• Solidarity Wealth LLC increased its holdings in Natural Resource Partners LP by 79.0% during the first quarter, owning approximately 1.27% of the company valued at $17.1 million.
• Natural Resource Partners saw a dividend payout of $3.00 annually with a dividend yield of 2.99%, reflecting a payout ratio of 28.82%.
• The company reported earnings of $2.97 per share with a net margin of 66.17% for the last quarter, demonstrating solid financial performance.

Solidarity Wealth LLC grew its holdings in Natural Resource Partners LP (NYSE:NRP - Free Report) by 79.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,017 shares of the energy company's stock after acquiring an additional 72,831 shares during the quarter. Natural Resource Partners accounts for about 4.2% of Solidarity Wealth LLC's investment portfolio, making the stock its 6th largest holding. Solidarity Wealth LLC owned about 1.27% of Natural Resource Partners worth $17,145,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Pecaut & CO. increased its holdings in Natural Resource Partners by 7.4% during the 1st quarter. Pecaut & CO. now owns 7,300 shares of the energy company's stock worth $758,000 after purchasing an additional 500 shares in the last quarter. Pekin Hardy Strauss Inc. grew its stake in shares of Natural Resource Partners by 1.0% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 19,975 shares of the energy company's stock worth $2,075,000 after acquiring an additional 200 shares in the last quarter. Inscription Capital LLC bought a new position in shares of Natural Resource Partners during the 1st quarter worth approximately $520,000. Exchange Traded Concepts LLC grew its position in Natural Resource Partners by 15.9% in the first quarter. Exchange Traded Concepts LLC now owns 7,875 shares of the energy company's stock valued at $818,000 after purchasing an additional 1,082 shares in the last quarter. Finally, DHK Financial Advisors Inc. grew its position in Natural Resource Partners by 11.7% in the first quarter. DHK Financial Advisors Inc. now owns 4,404 shares of the energy company's stock valued at $458,000 after purchasing an additional 462 shares in the last quarter. 31.77% of the stock is currently owned by institutional investors.

Natural Resource Partners Stock Down 1.5%

Natural Resource Partners stock traded down $1.58 during mid-day trading on Thursday, reaching $102.25. The company's stock had a trading volume of 19,349 shares, compared to its average volume of 25,502. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 9.82 and a beta of 0.27. Natural Resource Partners LP has a 12 month low of $81.74 and a 12 month high of $113.04. The business's 50 day simple moving average is $97.55 and its 200 day simple moving average is $100.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.45 and a current ratio of 2.45.

Natural Resource Partners (NYSE:NRP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The energy company reported $2.97 EPS for the quarter. Natural Resource Partners had a net margin of 66.17% and a return on equity of 31.31%. The company had revenue of $60.54 million during the quarter.

Natural Resource Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Tuesday, May 20th. Natural Resource Partners's dividend payout ratio (DPR) is presently 28.82%.

Natural Resource Partners Profile

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.